WED PM Update: LFB memo says tax revenue down, general fund to ‘undoubtedly’ take a hit

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-- The state's general fund "undoubtedly" will take a hit as tax collections fall due to COVID-19, according to the Legislative Fiscal Bureau.
But a new memo from Director Bob Lang says several factors may help soften the blow to the state's bottom line.
Today's memo wasn't a full-blow re-estimate of the state's finances through the end of the 2019-21 budget, and Lang wrote a fuller picture won't emerge until after tax collections come in after the new July 15 filing deadline. But it provided the first hints of the impact COVI...

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